Thursday, August 16 2018

VietNamNews

Sabeco remains market leader in beer production

Update: January, 15/2018 - 17:00
Beer production line at Sabeco. — Photo sggp.org.vn
Viet Nam News

HÀ NỘI — The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) produced nearly 1.73 billion litres of beer in 2017, an increase of 7 per cent compared to the previous year and exceeding 5 per cent against the year target.

The information was revealed in the company’s conference to sum up the 2017’s business results held last week in HCM City.

With this output figure, Sabeco continues to lead the Vietnamese beverage market with a 40 per cent share, amidst increasing pressure from domestic and foreign competitors.

In addition, Sabeco achieved after-tax profit of more than VNĐ4.7 trillion (US$206.9 million), 3 per cent higher than the target.

This year, the corporation targets to produce 1.85 billion litres of beer. To achieve this goal, Sabeco’s board of directors is applying synchronous measures to improve the quality of products.

Sabeco currently owns 26 manufacturing plants, 10 trading subsidiaries and 37 branches nationwide. The company has also launched a premium beer titled Saigon Gold for serving Tết (Lunar New Year) holiday and export markets. — VNS

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